Los Angeles to seize some 30 small businesses in Hollywood through eminent domain
By: North County Times wire services | ∞
HOLLYWOOD -- Los Angeles officials plan to seize some 30 small businesses in Hollywood through eminent domain to make way for a $400 million residential-commercial project anchored by a hotel, it was reported Friday.
The condemnation proceedings, authorized by the Los Angeles Community Redevelopment Agency, set the stage for one of the most ambitious revitalization efforts in Hollywood, the Los Angeles Times reported.
But the action is being decried as heavy-handed and unfriendly by homeowners and merchants who said it was wrong to use public money and power to benefit a private developer, according to the newspaper.
The planned development at Hollywood Boulevard and Vine Street would replace several buildings from the district's golden era.
The proposed Hollywood and Vine project is intended to include a luxury W 300-room Hotel, 525 condominium and apartment units, and 61,000 square feet of retail and restaurant space, according to The Times.
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Seejayd wrote on Mar 10, 2006 7:06 AM:Its WRONG! public money for private enterprise?? Give me a break! How can they condem property that is loisted on the historical preservation? From what I understand, the property was condemed because there is not enough parking. Then on the sideline, the parking that will be provided w/be less then 10 percent required by city ordinance/law. What gives? Sounds like money and a chance for someone to be re elected!?
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